News
Student loan debt exceeds credit card debt in USA
September 11, 2010 /
Many college students are carrying more than a heavy class load this fall.
Total student loan debt exceeds total credit card debt in this country, with $850 billion outstanding, according to Mark Kantrowitz, publisher of FinAid.org and FastWeb.com, websites that provide information about student aid and scholarships.
Consumers owe about $828 billion in revolving credit, including credit card debt, according to seasonally adjusted numbers in a report on July credit from the Federal Reserve.
By Susan Tompor, Detroit Free Press
Full Story: http://www.usatoday.com/money/perfi/college/2010-09-10-student-loan-debt_N.htm
MATR Supporters (view all)
Posted in: Education News
Sorry, we couldn't find any posts. Please try a different search.